Total monthly cost of ownership
Cost to Own a Home in Fort Branch, Indiana
A $182,000 home here costs
$1,552per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $66,500 a year.
A standard mortgage calculator would have told you $992. The real number is $559 higher every month, 56% more than the payment most buyers budget for.
Compare Gibson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fort Branch from a five-year rolling sample, and with about 3,412 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Gibson County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fort Branch against Gibson County and Indiana
| Measure | Fort Branch | Gibson County |
|---|---|---|
| Median home value | $181,900 | $170,500 |
| Median property tax | $1,305 | $1,244 |
| Effective tax rate | 0.717% | 0.730% |
| Median gross rent | $911 | $914 |
| Population | 3,412 | 32,986 |
The weather behind that power bill
Fort Branch sits in Gibson County, which averages a high of 88.0°F in its hottest month and a low of 21.1°F in its coldest, with 49.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,303 cooling and 4,920 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Gibson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gibson County
Talk to someone who works this market
These are Fort Branch averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Fort Branch every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Branch I already own here and may sell
Common questions
How much does it cost to own a home in Fort Branch?
A $182,000 home in Fort Branch, Indiana costs approximately $1,552 per month with 20% down at 7.24%. That is $992 principal and interest, $109 property tax, $78 homeowners insurance, $221 utilities and $152 set aside for maintenance.
What is the property tax rate in Fort Branch?
Fort Branch has an effective property tax rate of 0.717%, based on a median home value of $181,900 and median real estate taxes of $1,305. That is lower than the Gibson County average of 0.730%.
What is the average home price in Fort Branch?
The median owner-occupied home value in Fort Branch, Indiana is $181,900, against $170,500 across Gibson County.
Is it cheaper to rent or buy in Fort Branch?
Median gross rent in Fort Branch is $911 a month, against $1,552 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fort Branch?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Branch, Indiana at today's rate takes a household income of roughly $66,500 a year. That covers the full $1,552 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Branch, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Indiana.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.